To help pay for a class trip at the end of their senior year the sophomore class at a high school invests 1100 from fund raisers

Question

To help pay for a class trip at the end of their senior year the sophomore class at a high school invests 1100 from fund raisers in a 30 month CD paying 3 2 interest compounded monthly Determine the amount the clas will receive when it cashes in the CD after 30 months www The sophomore class will receive 1 100 when it cashes in the CD Round to the nearest cent as needed

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